Hope, you’ll find it interesting while reading, as we had equally interesting learning while writing on the topic: India as sporting superpower
Enjoy reading & Please do leave your comments here, if you like to.

For the practicing managers in today’s business environment, what has become most crucial is the ability to manage the change. Meeting and measuring up to this emerging challenge is the prime function of today’s managers. To do this, they require keen perception, flexibility and the ability to merge management theories into action plans. EGMP has been designed for high performing functional managers, who are looking for a transition from a functional role to a general management role. EGMP is equally relevant for those fast-track managers, who have recently taken charge of a general management role, in terms of equipping themselves with the ability to cope up with responsibilities and issues at senior levels through formal management education. Participants of EGMP get an opportunity to develop core business skills and competencies in various functional areas, this would enable them to handle issues involving cross-functional areas. The EGMP brings together participants from diverse backgrounds, skills and experiences; and develops in them cross-functional skills. Eminent faculty of IIMB covers the curriculum. EGMP participants involve themselves actively in case studies and discussions, role-plays, games, etc. They benefit immensely through continuous learning and networking with peers from different backgrounds, during and after the programme.

Programme Objectives

 Introduce contemporary business models and practices to the participants.

 Develop competence in the disciplines and skills associated with general management.

 Provide guidance to think through advanced business strategies with a global perspective.

PROGRAMME FRAMEWORK AND CONTENTS

Moving from delivering a functional strategy to responsibility for business strategy requires a broader perspective and additional knowledge. The EGMP prepares participants for this challenging transition by focusing on: Business Environment, Individual and Organizational Competencies, Functional Knowledge (Key Business Areas) and Strategic Perspective Business Environment: An understanding of the fast changing environment and its impact on business is crucial for success.

Topics include:

 Business, Government and Society

 Macro Economics

 Micro Economics

 Business Law

 General Commercial Knowledge

Individual and Organizational Competencies: Continuous enhancement of individual and organizational competencies, business performance; topics include:

 Organizational Structures and Processes

 Organizational Behavior and HR

 Business Statistics 

 Resource Optimization

Functional Knowledge: An appreciation of key concepts and activities within the primary management functional areas and interconnections among them is essential for aligning the functional areas with the business strategy. Topics in the four key areas cover:

 Financial Accounting

 Management Accounting

 Corporate Finance

 Operations Management

 Information Systems Management

 Marketing

Strategic Perspective: This module integrates the Functional Knowledge gained earlier and allows the managers to take decisions and develop strategies that are appropriate for different environments. Topics include:

 Corporate Strategy 

 Innovation and Technology

 International Business

 Business Simulation Game (Capstone)

 Ethics and Governance

PARTICIPANTS’ PROFILE  Mid-career professionals with potential for growth who have not had the benefit of formal B-School education and graduates with a minimum of 5 years managerial experience;

 Technologists seeking to broaden their knowledge of business and move on to general management responsibilities as business heads.

PROGRAMME DELIVERY The programme is conducted at IIMB campus. Course Duration: 1 Year.

For more details about this program you can write to EEP Office at IIM Bangalore. Details available at IIM B website.

Alternatively, you can write to me at my email Vindu.Vikash@iimb.ernet.in  (Student in EGMP-21 Batch@IIM Bangalore)  or drop me a note here & I shall respond to your queries, as soon as I can.

Just 4 line Code to create “TEXT2SPEECH CONVERTOR” The below are the easier steps to create ur own TEXT2SPEECH CONVERTOR 1.Open Notepad 2.Paste the below code. Dim msg, sapi msg=InputBox(“Enter your text for conversion”,”Text-To-Audio Converter”) Set sapi=CreateObject(“sapi.spvoice”) sapi.Speak msg 3.Save the filename as [anyname]​.vbs 4.Run the VBS file and enjoy. Enjoy Working:):) =======================================================================

SQL Server Performance Tips Introduction to Performance Tuning http://www.msteched.com/2010/Europe/DAT340 Server and Database Tuning http://www.msteched.com/2010/Europe/DAT341 Query and Index Tuninghttp://www.msteched.com/2010/Europe/DAT342 =========================================================== Microsoft Security Development Lifecycle process February 02 Microsoft Security Development Lifecycle process by Kabaleeswaran Sabapathi on 2/2/2011 2:26 PM Category: Security Terminology; Technology Tips The Microsoft SDL is a software development security assurance process which introduces security and privacy throughout all phases of the development process. SDL (Security development Lifecycle) is a mandatory policy in Microsoft since 2004 and has played a crucial role in embedding security and privacy for them. Microsoft claims that Windows Vista and SQL Server 2005 are examples of flagship products whose security has been significantly improved: ■45% reduction of disclosed vulnerabilities for Windows Vista (66) vs. XP (119) in the first year after release ■91% reduction of disclosed vulnerabilities for SQL Server 2005 (3) vs. 2000 (34) in the three years after release In accordance to that Microsoft has shared SDL process guidelines and version 5.0 of that can be downloaded here. Using this the development teams can ■Reduce risk and improve trust by making software inherently more secure and protecting sensitive information. ■Reduce the total cost of development by finding and eliminating vulnerabilities early in the development process. Apart from the guidelines there are numerous SDL tools are also available here(http://www.microsoft.com/security/sdl/adopt/tools.aspx). These can be utilized by the architects , designers and developers to write secure applications. ============================================================= Microsoft Mathematics 4.0 is now available for free download.Microsoft Mathematics provides a set of mathematical tools that helps both college and school students to solve complex calculation quickly and easily. This tool is very useful for doing math and science studies. .It is designed to offer users a graphing calculator capable of plotting both in 2D and 3D, but also offering equation solving capabilities along with step-by-step instructions of the process. Mathematics Made Easy Few months back Microsoft release Free chemistry add in For Office Word 2007 & 2010.Now the latest release of Mathematics 4.0 makes students work simple.Students can understand the concepts faster With Microsoft Mathematics, students can learn to solve equations step-by-step while gaining a better understanding of fundamental concepts in pre-algebra, algebra, trigonometry, physics, chemistry, and calculus. “Microsoft Mathematics includes a full-featured graphing calculator that’s designed to work just like a handheld calculator. Additional math tools help you evaluate triangles, convert from one system of units to another, and solve systems of equations”. It comes with cool Graphical user Interface and very user friendly Download: (http://www.microsoft.com/downloads/en/details.aspx?FamilyID=9caca722-5235-401c-8d3f-9e242b794c3a) ============================================================= Below link gives some idea on IE 8 bugs, when we use overflow and other elements. http://edskes.net/ie8overflowandexpandingboxbugs.htm​ ============================================================

Make Passport Photos the Easy Way Create passport photos online •Use it free of charge. •Automatic face detection. •Multiple print sizes. •Simple picture mode to prepare photos for CVs, MSN or Skype. •Standards for 73 countries. •Manual crop. •Brightness and contrast adjustment. •Perfectly suitable for taking passport size photos of children (babies/infants). •Accessible from mobile devices. To Create ur passport photos click the below link http://idphoto4you.com/ =======================================================================

 How to see Remote Desktop connection in full screen Once connected to Remote desktop press the below mentioned keys in the same order to view the remote desktop in full screen. Ctrl+Alt+Break Incase of the laptop users: Alt+Fn+Break ========================================================================

All small programs with some logic in one pack Useful information for developers.Click the below link.. http://www.technicalsymposium.com/sharelabcodings.html. In that link U can get all small programs what we did in our College LAB.It may be quite useful to catch the programming logic for developers. ========================================================================= Now Easily Load / Eject Cd-Rom in one click Steps:- (i) Open Notepad (ii) Paste Below Code Code:- set oWMP = CreateObject(“WMPlayer.OCX.7″) Set colCDROMs = oWMP.cdromCollection if colCDROMs.Count >= 1 then for i=0 to colCDROMs.Count – 1 strDrive= oWMP.cdromCollection.item(i).driveSpecifier colCDROMs.Item(i).Eject strQuestion = “Close DRIVE ” & strDrive & “?” answer= msgbox (strQuestion, vbYESNO) if answer= vbYES then colCDROMs.Item(i).eject: next end if wscript.quit (iii) save it as [Anyname].vbs (iv) click On the File Now U R Cd rom Eject and Asks Close u r drive ?

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Forgot Subject in OutLook…??? Hope, many will experience this problem. Forgot to mention subject in mail??? Forgot to mention subject while writing an Official Mail and repent later??????? Yes. It’s a concern for all. A mail without a subject brings a bad impression on us. To avoid this, just follow the simple steps mentioned below and see the result. *Here are the steps* 1. Open your Outlook2. Press Alt+F11. This opens the Visual Basic Editor and then Press Ctrl+R which in turn open Project-Project 1 (left side) 3. On the Left Pane, one can see “Microsoft Outlook Objects” or “Project1″, expand this. Now one can see the “ThisOutLookSession”. 4. Double click on “ThisOutLookSession”. It will open up a Code Pane on the right hand side. 5. Copy and Paste the following code in the right pane (Code Pane) and save itPrivate Sub Application_ItemSend(ByVal Item As Object, Cancel As Boolean) Dim strSubject As String strSubject = Item.Subject If Len(Trim(strSubject)) = 0 Then Prompt$ = “Subject is Empty. Are you sure you want to send the Mail?” If MsgBox(Prompt$, vbYesNo + vbQuestion + vbMsgBoxSetForeground, “Check forSubject “) = vbNo Then Cancel = True End If End Sub 6. Now whenever you try to send a mail without subject, a pop-up is raised to remind you of the blank subject. Hope this piece of information is useful to all

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Combined enterprise with close to USD 1 billion in revenues 

Acquisition creates a differentiated company with scale in many verticals 

Quick Facts & Transaction Highlights:

 Combined headcount at 24,834 globally as on Sep 30, 2010

 Combined company will be a key player across several verticals including Banking & Financial Services, Insurance, Manufacturing, Retail, and Media & Entertainment  Increased access to global customers  Increased scale, leadership strength and engineering bench

iGATE expects to realize multiple synergies from this combination:- Opportunity to play in larger deals and more verticals

- Opportunity to cross-sell key solutions to a broader client base

- Opportunity to enhance win ratio based on selling combined strengths

- Efficiencies in operations and delivery services

- Economies of scale from consolidation of shared services

The closing of the acquisition is subject to customary conditions, including receipt of required regulatory approvals, and the completion of the open offer for the purchase of shares of the public shareholders of Patni. Patni Computer Systems has 16,556 employees, 282 customers, 22 global delivery centers, and offices in 30 locations worldwide, and reported revenues of $689 million for the 12 months ended September 30, 2010. iGATE has 8,278 employees, 82 customers, seven global delivery centers, and offices in 16 countries, with revenues of $252 million for the 12 months ended September 30, 2010.

An expanded pool of talent, diverse expertise across multiple verticals, higher level strategic end-to-end service offerings and an established management team with a track record of proven execution are expected to strengthen iGATE’s competitive position as a top-tier player in the highly-fragmented global IT industry.

iGATE’s iTOPS solution methodology is designed to overcome the limitations of traditional outsourcing models. It addresses the problem of conflicting business interests between traditional outsourcing vendors and clients by allowing clients to use and pay for only the outcome. For the service provider, it also creates a discontinuity in the linearity of revenue with people

Terms and Financing of the Transaction:

iGATE’s advisors include: Jefferies & Company, Inc., financial advisors, Kirkland & Ellis LLP, international legal counsel, Khaitan & Co, Indian legal counsel, Kotak Mahindra Capital Company Limited, Managers for the Open Offer, and Ernst and Young, tax advisors.

iGATE expects to finance the purchase consideration of $1.22 billion through a combination of cash-in-hand, debt and equity financing, including a potential public offering of up to 10 million shares.

Viscaria Limited, a company backed by funds advised by Apax Partners, will make an investment into iGATE in order to facilitate the acquisition of a majority stake in Patni. iGATE has agreed to sell to Viscaria Limited $270 million of preferred stock convertible into common stock with a conversion price of $20.30 per share. The preferred stock investment by Viscaria may be increased by up to an additional $210 million based on the subscription in the Open Offer process and in the event that the Company elects not to move forward with a public offering. Details of the preferred stock transaction will be included in a filing on Form 8-K, which iGATE expects to file shortly.

In addition, iGATE has secured commitments for debt financing of up to $700 million in the aggregate from Jefferies & Company, Inc. and RBC Capital Markets to fund the consideration.

Some Maths:

What iGATE is paying to Promoters:

1. Estimated USD 921,000,000 for (63% Shares : 45.6% Patni Bros, 17.4% General Atlantic at price 503.5 per share)

2. Estimated USD 301,000,000 (20.6% Shares for Open Offer)

Total: USD 1,222,000,000 for 83.6% of ownership in PCS.
That makes market value of Patni as USD 1,461,722,488.04  (1.461 Billion USD)

and iGATE is paying USD 1.22 billion for the controlling stakes. Therefore, it’s not a bad deal at all from business perspective & with this iGATE becomes 6 largest IT services company in India. Wow, that’s sounds amazing and cool !!!

This is largest M&A deal in IT industry in India and it’s even bigger than Satyam aquisition. Just to give you background of Satyam acquisition..

Tech Mahindra acquired Satyam for $580 million. Tech Mahindra paid approx. $352 million for a preferential allotment of 302.8 million shares amounting to 31% of Satyam’s equity, valuing the firm at $1.1 billion. This was followed by an open offer to acquire an additional 20% within 55 days. All told, the acquisition cost for Tech Mahindra was $580 million.)

Satyam M&A – The rat race..

Tech Mahindra’s offered 58 rupees ($1.16) a share, trumping 46 rupees (92 cents) a share reportedly offered by rival bidder Larsen & Toubro. Billionnaire Wilbur Ross was the third bidder in the race for Satyam, but his bid of 20 rupees (40 cents) per share was just a third that of the winning bid. iGATE stayed away from the Satyam deal. The interesting part is that PE Firm Apax partners was among top 8 bidders chosen for Satyam M&A. Though, both iGATE & Apax couldn’t lay their hands on Satyam but then later they joined hands and put a bid to acquire Patni Computer Systems)

Stay tuned for further analysis on this iGATE – Patni deal and whether iGATE can pull it off ?

• Revenue-This number represents what you have earned selling your goods or services.  Revenue is the dollar amount that you have actively earned during the normal course of your business.   If you receive a loan, this is NOT revenue.  If you receive cash at the time you have completed your sale, then your cash in the bank and revenue would most likely be the same.   If you invoice your customers, then your revenue versus what you have in your bank account could be dramatically different.

• Cost of Goods Sold-This number represents what the cost of the goods or services that you have sold cost you.   If I sell a dress for $20.00 (this is my revenue) and I paid $5.00 for this dress, my cost of goods sold is $5.00.   Measuring cost of goods sold for those of us in the service business is a little tricky.  If we are selling other people’s time, we should classify that person’s time as cost of goods sold.  Manufacturing cost of goods sold is complex, bigger than the scope of this blog, but certainly worth a blog entry of its own.

• Gross Profit-This calculation is simply found by subtracting our cost of goods sold from our revenue.  Hopefully, we have more revenue than our cost of goods sold.   Gross profit is represented as a dollar figure.  Looking at the dress example above, our gross profit is $15.00.

• Gross Profit Margin-This calculation is a percentage figure.  Again, referring to our dress example above, our gross profit margin is 75%.  We arrive at this figure as follows: Gross Profit/Revenue.  Try it yourself and see if you get the same answer.  Two calculations are necessary.  First, figure the gross profit and then you can figure out your gross profit margin.  This is one of the most important figures in your business.  Your gross profit margin might reveal that you need to raise your prices or find a new supplier or that everything is just fine.  Of course, the higher the gross profit margin, the better you are doing financially

• Expenses-These are cash outlays that are required  to operate your business.   In business,  expenses are any cash outlay that contribute to the continuation of the business.  Rent, utilities and advertising are examples of expenses.  Equipment that you purchase is not considered an expense.    If you are paying back loans, the principal payment is not an expense but the interest portion is an expense. 

• Net Profit or Net Income-This is also known as your bottom line.  This is simple addition and subtraction.  Your net income or net profit is found by subtracting all of our expenses from our revenue.   Our net profit is what is left over after all of our expenses have been accounted for.  If we had $100.00 in dress sales and $50.00 in expenses, we are left with $50.00 in net income.

• Net Profit Margin-Like our gross profit margin figure, this is one of the most important figures of your business.  The higher the net profit margin, the better.  In our example above we have a 50% net profit ($50.00/$100.00).

The NPV of an investment is the present value of its cash inflows minus the present value of the cash outflows. Why would $100 to be received in a years time be as unequal in value to $ 100 to be paid immediately?

The 3 major reasons are:

• Interest Lost
• Risk
• Effects of inflation

The steps involved in computing NPV are:

1. Identify all cash flows
2. Determine, r, the discount rate
3. Using discount rate, find PV
4. Sum all PVs
5. Apply NPV rule. If NPV is positive, investor should undertake it else not undertake

This simplified formula illustrates the NPV method:

PV of the cash flow of year n = Actual cash flow of year n / (1+r) ^ n

The basic rule for NPV is that if the project shows a positive NPV, we need to accept the project. This is because the underlying rule is that if a project has a positive NPV it increases the shareholder wealth because all money goes to investors.

The NPV decision rules are:

• Projects with positive NPV should be accepted
• Projects with negative NPV should be rejected
• In case of mutually exclusive projects, the one with higher NPV should be selected

When the project NPV is zero, the rate at that point of time is considered to be its Internal Rate of Return (IRR).

The IRR decision rules are:

• Projects with an IRR which is better than that of the firm should be accepted
• Projects with an IRR which is less than that of the firm should be rejected

In case of a single project, the concluding decision will be the same in case of IRR or NPV

The important thing to remember about an income statement is that it represents a period of time. This contrasts with the balance sheet, which represents a single moment in time.

The income statement can be prepared in one of two methods. 

The Single Step income statement takes a simpler approach, totaling revenues and subtracting expenses to find the bottom line.

The more complex Multi-Step income statement (as the name implies) takes several steps to find the bottom line, starting with the gross profit. It then calculates operating expenses and, when deducted from the gross profit, yields income from operations. Adding to income from operations is the difference of other revenues and other expenses. When combined with income from operations, this yields income before taxes. The final step is to deduct taxes, which finally produces the net income for the period measured.

In accounting, gross profit or sales profit is the difference between revenue and the cost of making a product or providing a service, before deducting overhead, payroll, taxation, and interest payments. Note that this is different from operating profit (earnings before interest and taxes).

Net sales are calculated:

Net sales = Gross sales – Sales returns and allowances.
Gross profit is found by deducting the cost of goods sold:

Gross profit = Net sales – Cost of goods sold.
Gross profit should not be confused with net income:

Net income = Gross profit – Total operating expenses.
Cost of goods sold is calculated differently for merchandising business than for a manufacturer.

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Items on income statement

1. Operating section

• Revenue – Cash inflows
• Expenses – Cash outflows
• General and administrative expenses (G & A)
• Selling expenses
• Selling General and Administrative expenses (SG&A or SGA)
• R & D expenses
• Depreciation

2. Non-operating section

3. Irregular items

They are reported separately because this way users can better predict future cash flows – irregular items most likely will not recur. These are reported net of taxes.

• Discontinued operations is the most common type of irregular items. Shifting business location, stopping production temporarily, or changes due to technological improvement do not qualify as discontinued operations.
• Extraordinary items are both unusual (abnormal) and infrequent, for example, unexpected natural disaster, expropriation, prohibitions under new regulations. Note: natural disaster might not qualify depending on location (e.g. frost damage would not qualify in Canada but would in the tropics).
• Changes in accounting principle is, for example, deciding to depreciate an investment property that has previously not been depreciated. However, changes in estimates (e.g. estimated useful life of a fixed asset) do not qualify.

==========OPEX AND CAPEX============================

An operating expense, operating expenditure, operational expense, operational expenditure or OPEX is an ongoing cost for running a product, business, or system. Its counterpart, a capital expenditure (CAPEX), is the cost of developing or providing non-consumable parts for the product or system. For example, the purchase of a photocopier is the CAPEX, and the annual paper, toner, power and maintenance cost is the OPEX. For larger systems like businesses, OPEX may also include the cost of workers and facility expenses such as rent and utilities.

In business, an operating expense is a day-to-day expense such as sales and administration, or research & development, as opposed to Production, costs, and pricing. In short, this is the money the business spends in order to turn inventory into throughput. Operating expenses also include depreciation of plants and machinery which are used in the production process.

On an income statement, “operating expenses” is the sum of a business’s operating expenses for a period of time, such as a month or year.

In throughput accounting, the cost accounting aspect of Theory of Constraints (TOC), operating expense is the money spent turning inventory into throughput. In TOC, operating expense is limited to costs that vary strictly with the quantity produced, like raw materials and purchased components. Everything else is a fixed cost, including labour unless there is a regular and significant chance that workers will not work a full-time week when they report on its first day.

In a real estate context, operating expenses are costs associated with the operation and maintenance of an income producing property. Operating expenses include

• accounting expenses
• license fees
• maintenance and repairs, such as snow removal, trash removal, janitorial service, pest control, and lawn care
• advertising
• office expenses
• supplies
• attorney fees and legal fees
• utilities, such as telephone
• insurance
• property management, including a resident manager
• property taxes
• travel and vehicle expenses

Travel expenses are defined as those incurred in the event of travel required for professional purposes.  For this purpose, “travel” is defined as the simultaneous absence from the residence and from the regular place of employment. It is prompted by professional or company purposes and likely does not concern the traveller’s private life, or concerns it only to a small degree. Travel expenses include travel costs and fares, accommodation expenses, and so-called additional expenses for meals. For the self-employed (contractors and freelancers), the expenses constitute business expenses.

• leasing commissions
• salary and wages
• raw materials

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Earnings per share

Because of its importance, earnings per share (EPS) are required to be disclosed on the face of the income statement. A company which reports any of the irregular items must also report EPS for these items either in the statement or in the notes.

There are two forms of EPS reported:

• Basic: in this case “weighted average of shares outstanding” includes only actual stocks outstanding.
• Diluted: in this case “weighted average of shares outstanding” is calculated as if all stock options, warrants, convertible bonds, and other securities that could be transformed into shares are transformed. This increases the number of shares and so EPS decreases. Diluted EPS is considered to be a more reliable way to measure EPS.

EBITDA «ee-bit-dah» is the acronym for Earnings before Interest, Taxes, Depreciation, and Amortization.

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Charitable organizations that are required to publish financial statements do not produce an income statement. Instead, they produce a similar statement that reflects funding sources compared against program expenses, administrative costs, and other operating commitments. This statement is commonly referred to as the statement of activities. Revenues and expenses are further categorized in the statement of activities by the donor restrictions on the funds received and expended.

Tips   
The earned value formuals all have EV divided into or subtracted from, SPI & SV use PV while CPI and CV use AC   
Remember for SPI and CPI – Lower = Losser, less then one means your behind schedule or over budget, except for TCPI where the oposite is true